Washington, D.C., Aug. 21, 2025 (GLOBE NEWSWIRE)-- Existing-home sales increased by 2.0% in July, according to the National Association of REALTORS ® Existing-Home Sales Report. The Report offers the realty environment, including representatives and property buyers and sellers, with data on the level of home sales, price, and inventory.

Month-over-month sales increased in the Northeast, South, and West, and fell in the Midwest. Year-over-year, sales rose in the South, Northeast, and Midwest, and fell in the West.

" The ever-so-slight improvement in housing price is inching up home sales," stated NAR Chief Economist Lawrence Yun. "Wage development is now conveniently exceeding home rate growth, and buyers have more options. Condominium sales increased in the South area, where rates had actually been falling for the past year."

" Near-zero growth in home costs recommends that approximately half the country is experiencing price decreases. Overall, house owners are succeeding economically. Only 2% of sales were foreclosures or short sales - basically a historical low. The marketplace's health is supported by a cumulative 49% home price appreciation for a typical American homeowner from pre-COVID July 2019 to July this year," Dr. Yun continued.

" Homebuyers are in the very best position in more than 5 years to find the best home and negotiate for a much better price. Current inventory is at its highest considering that May 2020, during the COVID lockdown."

National Snapshot

Total Existing-Home Sales for July

- 2.0% increase in total existing-home sales [1] month-over-month to a seasonally changed yearly rate of 4.01 million.

- 0.8% boost in sales year-over-year.

Inventory in July

- 1.55 million units: Total housing stock [2], up 0.6% from June and increased 15.7% from July 2024 (1.34 million).

- 4.6-month supply of unsold inventory, below 4.7 months in June and up from 4 months in July 2024.

Median List Prices in July

- $422,400: Median existing-home price [3] for all housing types, up 0.2% from one year ago ($ 421,400) - the 25th consecutive month of year-over-year price boosts.

Single-Family and Condo/Co-op Sales

Single-Family Homes in July

- 2.0% increase in sales to a seasonally changed annual rate of 3.64 million, up 1.1% from July 2024.

- $428,500: Median home cost in July, up 0.3% from last year.

Condominiums and Co-ops in July

- 2.8% increase in sales month-over-month to a seasonally adjusted annual rate of 370,000 units, down 2.6% year-over-year.

- $362,600: Median rate, down 1.2% from July 2024.

Regional Snapshot for Existing-Home Sales in July

Northeast

- 8.7% increase in sales month-over-month to a yearly rate of 500,000, up 2.0% year-over-year.

- $509,300: Median cost, up 0.8% from July 2024.

Midwest

- 1.1% reduction in sales month-over-month to an annual rate of 940,000, up 1.1% year-over-year.

- $333,800: Median rate, up 3.9% from July 2024.

South

- 2.2% increase in sales month-over-month to an annual rate of 1.85 million, up 2.2% year-over-year.

- $367,400: Median cost, down 0.6% from July 2024.

West

- 1.4% boost in sales month-over-month to a yearly rate of 720,000, down 4.0% year-over-year.

- $620,700: Median cost, down 1.4% from July 2024.

REALTORS ® Confidence Index for July

- 28 days: Median time on market for residential or commercial properties, up from 27 days last month and 24 days in July 2024.

- 28% of sales were newbie homebuyers, down from 30% in June and 29% in July 2024.

- 31% of deals were cash sales, up from 29% a month earlier and 27% in July 2024.

- 20% of deals were individual investors or second-home buyers, up from 14% last month and 13% in July 2024.

- 2% of sales were distressed sales [4] (foreclosures and short sales), down slightly from 3% in June and up slightly from 1% in July 2024.

Mortgage Rates

- 6.72%: The average 30-year fixed-rate mortgage in July, according to Freddie Mac, down from 6.82% in June and 6.85% one year back.

About the National Association of REALTORS ®
. The National Association of REALTORS ® is included in all elements of domestic and industrial real estate. The term real estate agent ® is a registered cumulative membership mark that determines a real estate specialist who is a member of the National Association of REALTORS ® and subscribes to its stringent Code of Ethics. Totally free consumer guides about browsing the homebuying and offering transaction processes - from composed buyer contracts to working out compensation - see facts.realtor.

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For regional details, please get in touch with the local association of Realtors ® for data from regional numerous listing services (MLS). Local MLS data is the most precise source of sales and cost details in particular areas, although there might be differences in reporting methodology.
NOTE: NAR's Pending Home Sales Index for July will be launched August 28, and Existing-Home Sales for August will be launched September 23. Release times are 10 a.m. Eastern. See NAR's analytical news release schedule.

Information about NAR is offered at nar.realtor. This and other press release are published in the newsroom at nar.realtor/ newsroom. Statistical data in this release, as well as other tables and studies, are published in the "Research and Statistics" tab.

[1] Existing-home sales, that include single-family, townhomes, condos and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends beyond MLSs are not captured in the month-to-month series. NAR criteria home sales periodically using other sources to assess total home sales patterns, consisting of sales not reported by MLSs.
Existing-home sales, based on closings, differ from the U.S. Census Bureau's series on brand-new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to relocate various instructions in the same month. In addition, existing-home sales, which represent more than 90% of total home sales, are based upon a much larger information sample - about 40% of multiple listing service information monthly - and normally are exempt to large prior-month revisions.
The annual rate for a particular month represents what the total variety of real sales for a year would be if the relative speed for that month were preserved for 12 successive months. Seasonally adjusted yearly rates are used in reporting regular monthly data to factor out seasonal variations in resale activity. For example, home sales volume is usually higher in the summer than in the winter, mainly because of differences in the weather condition and household buying patterns. However, seasonal factors can not make up for irregular weather condition patterns.
Single-family data collection started monthly in 1968, while condominium data collection began quarterly in 1981; the series were integrated in 1999 when regular monthly collection of condo data began. Prior to this period, single-family homes represented more than nine out of 10 purchases. Historic comparisons for overall home sales prior to 1999 are based on regular monthly single-family sales, integrated with the matching quarterly sales rate for condos.

[2] Total stock and month's supply information are readily available back through 1999, while single-family stock and month's supply are readily available back to 1982 (prior to 1999, single-family sales accounted for more than 90% of deals and apartments were determined only on a quarterly basis).

[3] The median rate is where half offered for more and half sold for less; means are more typical of market conditions than typical costs, which are manipulated higher by a relatively small share of upper-end deals. The only valid comparisons for typical prices are with the very same duration a year previously due to seasonality in purchasing patterns. Month-to-month contrasts do not compensate for seasonal changes, especially for the timing of household purchasing patterns. Changes in the composition of sales can misshape median price data. Year-ago mean and mean prices often are revised in an automatic process if additional data is received.
The national median condo/co-op price frequently is greater than the mean single-family home price due to the fact that apartments are concentrated in higher-cost housing markets. However, in an offered area, single-family homes typically cost more than apartments as seen in NAR's quarterly metro area price reports.